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Tag Archives: Libra

Tech industry expresses doubts Facebook will launch Libra until 2020

Facebook launched its plans for a cryptocurrency named Libra less than a month ago, but is already facing regulatory and legislative barriers in Washington DC. As a result, some technical executives doubt that the project will be launched by 2020. "I think in two years we will be like this:" Do you remember the Facebook thing? Libra? Said Bismarck Lepe, …

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How Facebook's Libra might get you to clean up your wallet

image source | Getty Images Once Facebook's Libra makes it into the cryptocurrency, there may be a new threat to consumers: their own bad spending habits. Libra is a proposed cryptocurrency developed by Facebook and operated by a consortium of partners, including payment providers, credit card companies and consumer companies. It should start in the first half of the year …

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US lawmakers demand Facebook brake Libra cryptocurrency

Photo: Getty Images The cryptocurrency of the Facebook Libra has a difficult start. After Libra was announced last month, US legislators were not too enthusiastic about the dubious success story of the social media giants in terms of privacy. Now, the US Financial Services Committee calls on Facebook to stop its plans. Under the leadership of Representative Maxine Waters, the …

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4 US lawmakers join Call to Freeze Facebook's Libra project

US. Legislators are formally calling on Facebook, in a new letter to the executives of the social media giants, to cease all development of its cryptocurrency Libra. Democrats from the US House of Representatives wrote an open letter to Facebook on Tuesday calling for a moratorium on the entire development of Libra, while the Financial Services Committee and its affiliated …

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The Libra of Facebook may require a banking license

The Governor of the Bank of France, Francois Villeroy de Galhau, said that the Libra of Facebook must comply with the Anti-Money Laundering Regulation and apply for banking licenses when offering banking services, Reuters reports on June 25. According to the report, Villeroy admitted During an interview with the French magazine l & # 39; obs there was room for …

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Facebook co-founder says Libra will strengthen companies and weaken developing countries

Photo: Chip Somodevilla (Getty) Facebook co-founder Chris Hughes is sure to be an interesting person with whom to talk about Facebook can speak. Hughes, who still sees his roommate Mark Zuckerberg as a friend, said Zuckerberg was too powerful and the company had to be dissolved. On Friday, Hughes warned that Facebook's new planned digital currency Libra would shift its …

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Facebook's Libra could meet the highest standards of regulation: BoE governor

According to a Tuesday's Financial Times report, Facebook's cryptocurrency payment initiative may be subject to "the highest standards in global regulation," said Mark Carney, governor of the Bank of England. Bank meeting in Portugal, after which he remains an "open mind" for the benefits of Facebook's cryptocurrency Libra and admits that worldwide payment systems are currently largely unequal. He stated, …

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INNOVATION STRATEGY: Mark Zuckerberg draws a Jeff Bezos with Libra

Mark Zuckerberg has just taken a page from Jeff Bezo's book on Innovation and Leadership. Facebook has just announced that it will release its own cryptocurrency, Libra, to provide cheap, accessible financial services to those without bank accounts. Facebook hopes to generate more advertising revenue from companies that sell currency-denominated goods to customers. If successful, the technology company's bold move …

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